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Trade setup for July 6: Can NIFTY50 breach the 200-EMA resistance on Monday?

The open interest data for tomorrow’s weekly expiry suggest that 24,000 may act as a strong floor for NIFTY50, with the highest open interest on the put side for the strike price.

CJPN24 AI Desk2 min read
Trade setup for July 6: Can NIFTY50 breach the 200-EMA resistance on Monday?
Trade setup for July 6: Can NIFTY50 breach the 200-EMA resistance on Monday?
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Highlights

  • The Indian benchmark indices are expected to open in red amid mixed global market cues.
  • The GIFT NIFTY futures traded 30 points lower on Monday morning, suggesting a negative start for NIFTY50.
  • Brent crude oil prices stayed around the $71 per barrel ...

The Indian benchmark indices are expected to open in red amid mixed global market cues.

The GIFT NIFTY futures traded 30 points lower on Monday morning, suggesting a negative start for NIFTY50.

Brent crude oil prices stayed around the $71 per barrel ...

Originally reported by Upstox.

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